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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property. The Falcon Property is located approximately 35-kilometer (km) east of the former Key Lake Mine and the active Key Lake uranium mill which processes ore from the McCarthur River Mine. The West Bear property consists of five mineral claims totaling 4,511 hectares located at the eastern edge of the Athabasca Basin which hosts two producing uranium mines.


TSXV:NSU - Post by User

Comment by HappyInvestingon Aug 17, 2017 11:55am
149 Views
Post# 26592039

RE:RE:RE:RE:RE:RE:Tony tony tony

RE:RE:RE:RE:RE:RE:Tony tony tonyThe company has had a ridiculous quarter, including write-downs & delays. However the current valuation is crazy.  That the company is valued at US$460M, excluding cash of $177M.  If NSU's 60% of Bisha is generating (after-taxes, G&A, exploration, and a dividend) $40M per yer for the next 4 years, Bisha must still be worth at least $150M, which leaves just over $300M for the remaining licences around Bisha and Timok.  Given the company's record this year, I can understand the huge discount, but it is hugely undervalued - especially given the current values of gold, copper and zink, as well as the Timok potential.   Timok alone should be valued at well over $1B.  Expect a big bounce over the next 45 - 60 days when better Q3 are reported, and the Timok PEA is announced.  Things will get better from there. 
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